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In this tutorial, the presenter demonstrates how to hide the placeholder text in content control form fields used to create forms. The placeholder text typically appears light gray, prompting users to fill in the field, but it can be undesirable in some cases. To hide it, the presenter first enters design mode and selects the placeholder text, including the period. After highlighting the text, the user right-clicks and selects the font option. In the font settings, under font effects, there's an option labeled "hidden," which allows users to remove the visible placeholder text. The video is part of a broader playlist on creating fillable forms.